> As of the latest available information, Waymo is not yet profitable. Alphabet’s Q2 2023 earnings report indicated that its “Other Bets” category, which includes Waymo, had revenues of $285 million and an operating loss of $813 million. This was a decrease in operating loss from $1.34 billion in the second quarter of 2022, but still significant. Over the last five years, “Other Bets” has generated $3 billion in cumulative revenue but incurred $20 billion in operating losses, with Waymo constituting the bulk of these losses.
I just don't see the end game. Are marginal rides not profitable even at Uber fates? Uber for instance was losing money because they were taking rev from profitable cities to give incentives and build up drivers in the new markets. But Waymo doesn't have that problem. Is it just GPU spend that they can eventually stop?
> As of the latest available information, Waymo is not yet profitable. Alphabet’s Q2 2023 earnings report indicated that its “Other Bets” category, which includes Waymo, had revenues of $285 million and an operating loss of $813 million. This was a decrease in operating loss from $1.34 billion in the second quarter of 2022, but still significant. Over the last five years, “Other Bets” has generated $3 billion in cumulative revenue but incurred $20 billion in operating losses, with Waymo constituting the bulk of these losses.
I just don't see the end game. Are marginal rides not profitable even at Uber fates? Uber for instance was losing money because they were taking rev from profitable cities to give incentives and build up drivers in the new markets. But Waymo doesn't have that problem. Is it just GPU spend that they can eventually stop?